It has been proposed that from April 1st 2010 there will be two charges of VAT on goods and services in India.  Currently in most European countries businesses collect and pay VAT only to one source and many companies find VAT accounting onerous already, especially small businesses.
But imagine collecting two different VAT rates on all […]

If you or your company does business in Europe, you should be aware that you are entitled to reclaim the VAT charged on certain services you incur. These services include employee travel and relocation costs, vendor expenses like inter company charges, exhibition and marketing costs, telephone and communication charges, and the costs involved in running […]

Vat or goods and services tax (GST), is tax on exchanges. It is levied on the added value that results from each exchange. It differs from a sales tax because a sales tax is levied on the total value of the exchange. For this reason, a VAT is neutral with respect to the number of […]